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that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning that it could, all of this could affect the credit rating for the united states when folks start looking at what's happening on wall street, when they hear this threat of credit issues or credit rating for this country. being downgraded. does that expedite the talks here or get even talks started? >> well, i think the president did a great job politically putting the republicans on the spot. if they are the ones who cause us to not meet our debt obligations, i think they risk, again, political retribution and losing the house in 2014. but on the other hand, the president and
that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning...
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ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" w
ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love,...
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lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in a broader policy way. our health care reform cannot waste, must not wait and will not wait another year. >> passing health care legislation early on was high on the president's to-do list. he picked kansas governor to head up health and human services, to get health care legislation done he largely passed control over to congress to put the bill together and to figure out how to get it through. it became a messy process about 2
lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in...
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and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to go out and barnstorm the country for his proposals? how much political capital is he going to put into it? if he really builds up public support for the proposals and public support grows and if they feel pressure, he'll bring a vote. >> >> jennifer: just to take you back to that -- not the fiscal cliff, the debt ceiling issue that the republicans do seem to be going soft on, i do think one of the reasons why they went so soft is because major traditionally republican lobbying groups were advocating like the chamber of commerce came out strongly saying this
and then, of course, there is a debt ceiling vote. now you hear a lot of republicans making noises about backing down from the debt ceiling fight. it is interesting by the way, i know we're not here to talk about that. it is interesting how the conventional wisdom has shifted on that. >> jennifer: quickly too. >> so quickly. just another sign of the shifting sands. it all hinges on how public opinion turns. and you know, is the president going to go out on the stump? is he going to...
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of the debt ceiling and they have to not play around with the debt ceiling powell is a sophisticated player. i don't think he does anything without thinking it through quite well. that's why i said what i said i want to make sure we have your allegations on the record. i don't want to put words in your mouth. >> it's a supposition. >> bill: you say that you think that collin powell was asked by someone to go out and defend chuck hagel's nomination. and at the same time, raise the spector that some people are owe posing the president's policies because he is black. that that was to put in one interview in one presentation. that's what you think may have happened? it might have happened. implication of what he said really is quite inprogram inflay to say least. it's in line with what liberal commentators have said for some time. every time you criticize barack obama there will be someone out there in the blogosphere or television or radio saying well you just like the fact that a black man is in power. it's ridiculous. if you want to look at intolerance and collin powell knows this wel
of the debt ceiling and they have to not play around with the debt ceiling powell is a sophisticated player. i don't think he does anything without thinking it through quite well. that's why i said what i said i want to make sure we have your allegations on the record. i don't want to put words in your mouth. >> it's a supposition. >> bill: you say that you think that collin powell was asked by someone to go out and defend chuck hagel's nomination. and at the same time, raise the...
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that the fiscal cliff would not be the real issue. the debt ceiling would be. you see this as taking us close to the brink, again. could it take us over the brink? >> potentially. keep in mind that we have two other -- in addition to the debt limit, we have, in effect, two other fiscal cliffs approaching. one is the appropriations bills for 2013, which have not yet been finished and we'll have a government shutdown unless they have, unless those bills are enacted and the second is the $1.2 trillion sequester, which triggered the fiscal cliff, but was only delayed by two months and that runs out, as well. so, we have the debt limit, the sequester and the appropriations. all essentially coming due at more or less the same date. my assumption is and i guess everybody else's is, is these will all be rolled into together into one massive punt the ball down the road bill. >> jeff, if any of this does end up in the supreme court, you know, the administration does some kind of legal maneuver. what's the history of this one. an executive legislative battle. do they say,
that the fiscal cliff would not be the real issue. the debt ceiling would be. you see this as taking us close to the brink, again. could it take us over the brink? >> potentially. keep in mind that we have two other -- in addition to the debt limit, we have, in effect, two other fiscal cliffs approaching. one is the appropriations bills for 2013, which have not yet been finished and we'll have a government shutdown unless they have, unless those bills are enacted and the second is the...
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the president has too deal with the debt ceiling. he wants to pass major immigration reform. >> absolutely. >> chris: do something about climate change. has he told you how much political capital he is willing to spend on what is going to be a very tough fight? >> i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him and h his leadership because he really was a voice for the parents who lost a child. >> chris: has he told you how much -- >> and i see from his actions and we hear from the white house and we hear from the vice president that they are going to lay down political capital on the issue and i think the one thing i would say to those people like larry and others who said we can't do anything about these issues is that whether it comes from the background checks or dealing with high capacity magazines which was the issue in newtown we can take action and to say that we should do nothing really doesn't respond to those parents in newtown who lost children in thi
the president has too deal with the debt ceiling. he wants to pass major immigration reform. >> absolutely. >> chris: do something about climate change. has he told you how much political capital he is willing to spend on what is going to be a very tough fight? >> i think that the president has demonstrated tremendous leadership on this issue. i think the country rallied around him and h his leadership because he really was a voice for the parents who lost a child. >>...
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ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government going and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtown has changed everything. >> i don't think he's looking for a fight. i thi
ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very...
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if you hit the debt ceiling limit, you can be at the point where at the beginning of the month, you can't send out social security checks on time. the last tame we got social security reform was 1983. why? because we weren't going to send the checks out on time. let's get real. >> but they are going to back down. that's why in the end they -- sounds great now. >> you think they're definitely going to do it. >> i think he'll go up to the brink and get cold feet and go to the sequester which comes up right after. i think the battle will be waged over that. this is the losing proposition. >> peggy. >> i think it should be noted we have a president. i think it should be noted that he should be sitting down and talking with those who would move -- attempt to move forward -- >> good point. >> -- on spending. i consider it unusual that this president can never make a deal with those folks. >> but this is not something to negotiate over. you do not negotiate with hostage-takers. that's the white house position. they're right about that. you just don't negotiate on this. you can negotiate on the s
if you hit the debt ceiling limit, you can be at the point where at the beginning of the month, you can't send out social security checks on time. the last tame we got social security reform was 1983. why? because we weren't going to send the checks out on time. let's get real. >> but they are going to back down. that's why in the end they -- sounds great now. >> you think they're definitely going to do it. >> i think he'll go up to the brink and get cold feet and go to the...
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how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaura
how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you,...
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. >> let me move on to debt. this issue will continue and so will the issue on the debt. senator cruz, house republicans have taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the federal government's statuary borrowing limit for three months with a requirement that both chambers of the congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. the se
. >> let me move on to debt. this issue will continue and so will the issue on the debt. senator cruz, house republicans have taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the federal government's statuary borrowing limit for three months with a...
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we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a struggle speaking to a whole segment of the population about our principles of limited government and free enterprise if they think we don't want them here, alluding to those who might benefit from the d.r.e.a.m. act. so republicans have their own pr campaign to conduct with latinos on immigration reform, but how is the president going to combat republicans who want to see a more piece meal approach as we move forward here? >> reporter: i think we've seen the way the president has handled other recent challenges from his republican opposition when you consider just the fiscal cliff hanger as it were with campa
we know about the confirmation hearing issues and then the fiscal, the debt ceiling which is fast approaching as well. >> definitely that dance card is getting filled up pretty quickly so early in the year and he hasn't even been inaugurated. also in that article, senator marco rubio preparing his own version of the d.r.e.a.m. act. he discussed how republicans could face some pushback from latinos because of their stance on immigration reform. he said this, quote. we are going to have a...
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on the debt ceiling, it made no sense to risk the full faith and credit of the united states for whatever agenda you have. the business community felt that. the public felt that. and so the fact that they have backed off both -- not only the idea that we should hold debt ceiling hostage, but second that it shouldn't be one for one cuts, you know, boehner used to say that, the house proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> will there are always spending reform measures and you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case. >> mitch mcconnell proposed it two years ago and we passed it. but let me say this on the budget. we democrats have always intended to do a budget this year. for two reasons. first, it is not true that we haven't had budget control
on the debt ceiling, it made no sense to risk the full faith and credit of the united states for whatever agenda you have. the business community felt that. the public felt that. and so the fact that they have backed off both -- not only the idea that we should hold debt ceiling hostage, but second that it shouldn't be one for one cuts, you know, boehner used to say that, the house proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you...
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the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between 2006 and now. >> and also, to factor in with the differences you pointed out is how much the president has offered in negotiations. as far as cutting spending, not as if it's been a zero sum game from the white house regarding the nation's spending problem and an acknowledgment of that. >> one of the messages president obama is trying to get across today how much is cut in spending, whether it was in that 2011 debt ceiling agreement in the budget control act, whether it was also the revenue that was increased with the end of the fiscal cliff talks that we had right at the beginning of the new year, tamron. so, president obama said, look, we have really cut a lot of spending. there's more that he would like to be able to do but that it would be ludicrous to suggest there's no s
the debt ceiling increase was seen as a procedure and a very partisan vote then but not something you were reporting on for weeks and months like we have in 2011 then and now on the debt ceiling debate and, of course, what happened in 2011 was a loss to the nation's credit rating. there's big differences between 2006 and now. >> and also, to factor in with the differences you pointed out is how much the president has offered in negotiations. as far as cutting spending, not as if it's been...
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a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without spending cuts. >> the problem is the spending cuts never come. the republicans find themselves in the situation all the time t happened with reagan and bush 41 and with the sequester, it's been put off for two months, the spending cuts never come and we cannot continue down this path with over $16 trillion in debt, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not cong
a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without...
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. the issue here is whether or not america pays it's bills. we are not a debt-deep nation. >> cenk: i like it. now normally i say it should have been stronger, but it was pretty strong and he made his point very good. it continues. >> obama: this is not an implicatedcomplicateed subject. you don't go out to dinner, eat all your want, and then leave without paying the check. if you do, you're breaking the law. and congress should think about it the same way that the american people do. >> cenk: i like it, man. i do. that's exactly right analogy. you know, of course, i'd go further, but i would every time, right? i'd say listen, the republicans spent this money. they spent it in tax cuts for billionaires and millionaires, they spent it in the iraq war afghanistan, the great majority of this money was spent by george w. bush. now i'm going to make them pay the bill. i would turn it around on them. that
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. the issue here is whether or not america pays it's bills. we are not a debt-deep nation. >> cenk: i like it. now normally i say it should have been stronger, but it was pretty strong and he made his point very good. it continues. >> obama: this is not an implicatedcomplicateed subject. you don't go out to dinner, eat all your want, and...
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if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another inauguration is apparently one party doesn't understand we had an election in november and they lost. which means that you move on and you let the president be the president of the united states. these guys still want to fight the old battles of 2012. >> but they're giving this extension now. >> a three-month extension. the white house should tell them to go shove it. you can't run a government three months at a time. you have to have a long-term planning. bad for the markets. bad for the country. bad for the economy. let's make clear, definitive decisions. you lost. let's come together and compromise. pass th
if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another...
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. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills
. >> the president won't back down on the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >>...
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we can't have every three month a debt ceiling crisis. someone is going to have to come up with some way from stopping these people from being drama kings and drama queens. >> drama's out. >> is that your headline? >> mine is basically with a call for unity, obama presses assertive domestic agenda. i don't expect him to tick off the details, for example, of gun regulation. he already did that last week, but i think he is going to use the bully pulpit here for the idea that he can really lead us to more action on the domestic front in congress. >> and one other point. the facetious headline i came up with him being born in the united states. we need to get past all this. it's time to stop this because it's counterproductive and it's causing a paralysis. >> and i would briefly say it's not that we need to get past it, we have to call out who is responsible for t.only one group that's still trading in birtherism, it's a one-sided problem. >> i'd like, to if we could, pull up your headline again. i don't know if we can do that. >> yes, sir. >
we can't have every three month a debt ceiling crisis. someone is going to have to come up with some way from stopping these people from being drama kings and drama queens. >> drama's out. >> is that your headline? >> mine is basically with a call for unity, obama presses assertive domestic agenda. i don't expect him to tick off the details, for example, of gun regulation. he already did that last week, but i think he is going to use the bully pulpit here for the idea that he...